Cricket Customers Grow to 339,000 in First Quarter; Salt Lake City Contributes to Wireless Service's Growth in Markets Across the Country.Business Editors/High-Tech Writers SALT LAKE CITY--(BUSINESS WIRE)--April 20, 2001 Customers of Cricket's flat-rate, all-you-can-talk local wireless service grew to over 339,000 across the country as of March 31, 2001, up from more than 190,000 customers reported as of Dec. 31, 2000. Leap Wireless Leap Wireless International Inc. is a public telecommunications company that provides customers with affordable wireless services through its subsidiaries, Cricket and Jump Mobile. International Inc. (Nasdaq: LWIN), an innovator of wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. services and Cricket's parent company, announced the strong demand for Cricket service as part of its quarterly results today. "Customers continue to be drawn to Cricket service because it is predictable, simple and value-priced," said Rick Barlow bar·low n. An inexpensive, one- or two-bladed pocketknife. [After Barlow, the family name of its makers, two brothers in Sheffield, England.] , general manager for Cricket in Utah. "Once our first-time wireless customers experience the freedom of mobility, it becomes an important part of their daily lives -- and for many, their primary phone line. We look forward to continuing to add new customers and expand into new markets in the coming year." For a complete copy of Leap's quarterly results, please visit press section of the company's Web site at www.leapwireless.com. About Cricket Cricket service lets customers make all their local calls from within their local service area and receive calls from anywhere for just $34.95 per month, payable in advance. Marketed as Comfortable Wireless, the service is an affordable wireless alternative to traditional landline service. Cricket service appeals to people completely new to wireless -- from students to busy moms, local business people and retirees. Cricket's Around-Town Phones work in a large local coverage area and retail for as low as $99.95, including the first month of service. The service offers voicemail, caller ID A telephone company service that sends the caller's telephone number between the first and second ring of the call. If the calling number is not blocked, the calling number is displayed on the handset or base station of the called party. and call waiting for a nominal monthly fee. Cricket customers don't have to sign a contract, and they can also conveniently pay in advance for long distance and directory assistance calls. Cricket service is an innovation of Leap, a San Diego-based company dedicated to providing innovative communications solutions for the mass consumer market. Leap plans to introduce more "Leap innovations" in 2001 and beyond. For more information, please visit www.cricketcommunications.com and www.leapwireless.com. Except for the historical information contained herein, this news release contains "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. ," including statements reflecting management's current forecast of certain aspects of Leap's future. Forward-looking statements, which are based upon certain assumptions and describe future plans, strategies and expectations of the company, are generally identifiable by the use of the words "believe," "expect," "intend," "plan," "anticipate," "estimate," "project" or similar expressions. These statements are based on current information, which we have assessed but which by its nature is dynamic and subject to rapid and even abrupt changes. The forward-looking statements in this news release speak only of management's views as of the date of this release, and we do not undertake any obligation to update this information from this date. Our actual results could differ materially from those stated or implied by such forward-looking statements due to risks and uncertainties associated with our business. Factors that could cause actual results to differ include, but are not limited to: changes in the economic conditions of the various markets our subsidiaries serve which could adversely affect the market for wireless services; our ability to access capital markets; a failure to meet the operational, financial or other covenants of our credit facilities credit facilities npl → facilidades fpl de crédito credit facilities npl → facilités fpl de paiement credit facilities ; our ability to rollout networks in accordance with our plans, including receiving equipment and backhaul and interconnection in·ter·con·nect v. in·ter·con·nect·ed, in·ter·con·nect·ing, in·ter·con·nects v.intr. To be connected with each other: The two buildings interconnect. v.tr. facilities on schedule from third parties; failure of network systems to perform according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. expectations; the effect of competition; the acceptance of our product offering by our target customers; our ability to retain customers; our ability to maintain our cost, market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market penetration - the act of entering into or through something; "the penetration of upper management by women" and pricing structure in the face of competition; uncertainties relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc negotiating and executing definitive agreements and the ability to close pending transactions described in this release; technological challenges in developing wireless data services and customer acceptance of such services if developed; our ability to integrate the businesses and technologies we acquire; rulings by courts or the FCC (1) (Federal Communications Commission, Washington, DC, www.fcc.gov) The U.S. government agency that regulates interstate and international communications including wire, cable, radio, TV and satellite. The FCC was created under the U.S. adversely affecting our rights to own and/or operate certain wireless licenses; and other factors detailed in the section entitled en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: "Risk Factors" included in our Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the fiscal year ended Dec. 31, 2000 and in our other SEC filings. The forward-looking statements should be considered in the context of these risk factors. Investors and prospective investors are cautioned not to place undue reliance on such forward-looking statements. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Leap and the logo design are trademarks of Leap Wireless International Inc. Cricket is a registered trademark and Comfortable Wireless and the Around-Town Phone are service marks of Cricket Communications Cricket Communications, Inc. is a subsidiary of Leap Wireless International, Inc. It offers wireless service without credit checks or long-term commitments. Customers can purchase plans giving them access to unlimited local calls; unlimited U.S. Inc. |
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